All the headlines from our Reinsurance Topic Page, ordered by recency.
Mar 15 2005 // Vesta Insurance Group Inc., of Birmingham, Ala. has announced it intends to file a Form 12b-25 with the Securities and Exchange Commission extending until April 1, 2005 the time to file its annual report on Form 10-K and...
Mar 15 2005 // Standard & Poor’s Ratings Services announced that it has developed criteria to detect finite reinsurance in the financial statements of insurance companies and adjust their earnings accordingly. S&P noted...
Mar 14 2005 // Fitch Ratings has affirmed the “BBB-” long-term issuer and senior debt ratings of Chicago-based commercial insurer CNA Financial Corp., as well as the “BBB-” insurer financial strength ratings of...
Mar 14 2005 // Bermuda-based Quanta Capital Holdings Ltd., which provides specialty insurance, reinsurance, and risk consulting services through its subsidiaries, announced the appointment of Robert Lippincott, III to its Board of...
Mar 10 2005 // In its annual report filed with the Securities and Exchange Commission, Marsh & McLennan reported that the U.S. Department of Labor last month served the firm with a subpoena seeking documents related to the...
Mar 10 2005 // Research and Markets announced the addition of The Global Insurance Handbook 2005 to their offering.The increasing size of risk in the world is reportedly influencing multinational and global companies to protect ever...
Mar 8 2005 // By Chairman Warren Buffett’s own admission, Berkshire Hathaway Inc. did not have one of its best years in 2004. Last year, Berkshire’s book-value gain of 10.5% fell short of the S&P 500 Index’s 10.9%...
Mar 7 2005 // Federal and state investigators are looking into a deal between American International Group Inc. and Berkshire Hathaway Inc.’s General Reinsurance unit in part because of the alleged involvement of AIG’s...
Mar 7 2005 // The shareholders’ equity of many insurers and reinsurers is coming under greater pressure than anticipated as P/C losses from the 2004 hurricane season continue to rise with new estimates, according to a report by...
Mar 7 2005 // Insurers must not be lulled into thinking that the Directors and Officers liability market has recovered because the quantity of cases remain high and the complexities of litigation are overwhelming.As a result, carriers...
Mar 3 2005 // Alea Group Holdings (Bermuda) Ltd., the specialty insurer and reinsurer, announced changes in the executive management team.Kirk Lusk was appointed Group chief administrative officer and will oversee Group Human Resources,...
Mar 2 2005 // General Reinsurance, a subsidiary of Berkshire Hathaway Inc., has been subpoenaed in an investigation of Reciprocal of America, a former Virginia-based professional liability insurer whose collapse is considered one of the...
Feb 24 2005 // Bermuda-based Max Re Capital Ltd. announced that its subsidiary, Max Re Ltd., has made the following appointments in its reinsurance division: — John Doucette has been appointed president and chief underwriting...
Feb 24 2005 // Standard & Poor’s Ratings Services announced that it has revised its outlook on Montpelier Reinsurance Ltd. and Montpelier Re Holdings Ltd. (MRH) to positive from stable. “The outlook was revised to...
Feb 23 2005 // Bermuda-based RenaissanceRe Holdings Ltd. announced that it is planning to restate its financial statements for the years ended December 31, 2001, 2002 and 2003 “to correct accounting errors associated with...
Feb 22 2005 // AIR Worldwide Corporation has introduced the latest releases of CLASIC/2 and CATStation, said to enable insurers, brokers, and reinsurers to significantly improve their catastrophe management workflow.According to AIR, the...
Feb 21 2005 // European January reinsurance renewals confirm A.M. Best Co.’s expectations that underwriting discipline is being maintained, despite wide capacity availability. The rating agency noted that overall premium rates have...
Feb 21 2005 // The law firm representing Allstate Insurance Company, American International Group Inc., Chubb & Son, and St. Paul Travelers has filed a demand, addressed to Diane Koken head of the Pennsylvania Department of...
Feb 21 2005 // Rising property prices and a healthy economy after the election year have encouraged competition for casualty business. Although account size is sometimes a factor in the directions prices move, E&S specialists say...
Feb 18 2005 // The shareholders’ equity of many insurers and reinsurers is coming under greater pressure than anticipated as P/C losses from the 2004 hurricane season continue to rise with new estimates, according to a report by...